the orange sequester back in the 19 80's, i can point to quotes from bob dole the minority leader or majority leader in the senate at that time saying we will not go down that road they turned that off in the late 1990's and now we are a few hours away from the first sequester in history. >> great do talk to you. thank you. how is main street dealing with this as we wait for the ball do drop in times square? possibly bringing a big tax hike with it? my colleague, lauren, is in the thick of it all in new york city this is historic time in times square to ring in the new year. what is the sentiment like? are people aware what is going on in washington, dc? are they upbeat? downbeat? unaffected? disaffected? what is the sense? >>reporter: it is an interesting year and the new year's eve ball takes on a different level of importance this year. we are right near times square, the crossroads of the world, right, where main street meets washington, dc, meets wall street street and it comes together and you can get a great feel of how real people, the average american, the average global cit